Industrial Machine News

November 19 - Raven Industries Inc. and SST Software Inc. announced that the companies would build on their strategic alliance, with Raven buying a minority ownership position in SST.

From The Canadian Press, November 16, 2009 - 1:45 p.m.

Fitch Ratings boosted its rating outlook for Flowserve Corp. on Friday citing the pump making and fluid handling company's low leverage, good operating performance and other factors.

More than 50 Steel of West Virginia workers will be out of work by the end of November.

Met-Pro Corp., which makes pollution control technologies, said Friday its third-quarter profit plunged two-thirds on weak markets, surprising Wall Street.

Sealed Air Corporation announced today that it has completed a new 150 million euro senior unsecured European revolving credit facility due July 2012.

Saying its markets have begun to stabilize, Brady Corp. reported Thursday profits fell 42% in the fiscal first quarter.

Coleman Cable, Inc. , a leading manufacturer and innovator of electrical and electronic wire and cable products, announced that Gary Yetman, president and chief executive officer, and Richard Burger, chief financial officer, will present at the 2009 FBR Capital Markets Fall Investor Conference on Tuesday, December 1, 2009 in New York City.

Ritchie Bros. Auctioneers has agreed to acquire the auction business and certain assets of Martella Auction Company, a California-based auctioneer of agricultural and industrial equipment.

Raven Industries Inc., which makes reinforced plastic sheeting and products for precision farming and navigation, on Thursday reported a 13 percent drop in third-quarter profit but said higher operating margins helped offset lower sales.

Hill PHOENIX Inc., a Dover Company, today announced it has acquired Barker Company Ltd.

Amcor Ltd said it will raise $US850 million by issuing fixed coupon notes to US private investors, allowing the company to diversify the sources of its $3.4 billion of net debt.

The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: Coventry Health Care Inc., down 63 cents at $23.05 An analyst said the health insurer will likely offer a disappointing 2010 earnings outlook and may be hit hard by health care reforms.

Maintenance products distributor W.W. Grainger Inc. said Wednesday that it has bought Alliance Energy Solutions in an all-cash deal.

Carrier Corp., which makes heating, ventilating and air conditioning equipment, said Wednesday it has acquired three building management control businesses of the i2S Group, a British company.

Omron Electronic Components LLC eagerly announces the release of two new series of MOS FET Relays, while simultaneously decreasing the List Price on twenty existing families in the interest of supporting cost-sensitive market conditions.

A drill bit maker has announced plans to expand its South Carolina operations, adding up to 85 jobs.

United Rentals Inc. rose Monday after an analyst upgraded the shares on the equipment rental company's lower costs, significant free cash flow and stronger balance sheet.

Congress is focused on creating jobs, reducing the federal deficit, taking care of American troops in Iraq and Afghanistan and creating an " American energy bill," according to U.S. Rep.

A unit of Farmington-based Carrier Corp . has launched a service for the container shipping industry aimed at preventing produce from spoiling in transit.